Top 10 Trending AI Stocks on Latest News and Ratings

8. DigitalOcean Holdings, Inc. (NYSE:DOCN)

Number of Hedge Fund Holders: 18

DigitalOcean Holdings, Inc. (NYSE:DOCN) is a cloud computing company that provides infrastructure and platform tools to developers and businesses. It also provides cloud infrastructure and services specifically designed to simplify AI development for developers. On February 25, the company confirmed that continued traction on AI and focus on higher spend customers drove fourth quarter and fiscal year 2024  revenue growth for its top 500+ customers.

Consequently, DigitalOcean Holdings, Inc. (NYSE:DOCN) logged a 13% year-over-year revenue increase to $205 million as net income attributable to shareholders increased 15% to $18 million. The solid financial results came on the company releasing 49 new products and features in the year. It also unveiled a GenAI platform that makes creating, deploying, and integrating agents for real applications easy. During the year, the company also announced the public preview of Cloudways Copilot, which is a suite of AI solutions.